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Silver Bull Closes Common Stock Offering for Gross Proceeds of $US 10.4 million

Tuesday, December 13th

Silver Bull Resources, Inc. (AMEX: SVBL, TSX: SVB) ("Silver Bull") has received commitments from various investors for the sale of 21,050,000 shares of common stock at a price of $US 0.50 per share. Silver Bull is pleased to announce the closing of the sale of 20,755,000 shares of common stock at a price of $US 0.50 per share for gross proceeds of $US 10,377,500 . Silver Bull expects to close the sale of the remaining 295,000 shares of common stock this week.

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